Human Adjust Co (TSE:249A) ROCE % : 16.87% (As of Mar. 2024)

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What is Human Adjust Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Human Adjust Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.87%.

Human Adjust Co ROCE % Historical Data

The historical data trend for Human Adjust Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Human Adjust Co ROCE % Chart

Human Adjust Co Annual Data

Trend

Mar23

Mar24

ROCE %

-10.22

16.87

Human Adjust Co Semi-Annual Data
	Mar23	Mar24
ROCE %	-10.22	16.87

Human Adjust Co ROCE % Calculation

Human Adjust Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	66.606	/	( ( (798.474 - 428.286)	+	(881.534 - 461.994) )	/ 2 )
	=	66.606	/	( (370.188	+	419.54)	/ 2 )
	=	66.606	/	394.864
	=	16.87 %

Human Adjust Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	66.606	/	( ( (798.474 - 428.286)	+	(881.534 - 461.994) )	/ 2 )
	=	66.606	/	( ( 370.188	+	419.54 )	/ 2 )
	=	66.606	/	394.864
	=	16.87 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

Human Adjust Co (TSE:249A) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Human Adjust Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Human Adjust Co Ltd (TSE:249A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-7-1, Nishishinjuku, Shinjuku-ku, Tokyo, JPN, 163-0725

Website

Human Adjust Co Ltd operates shinkyuin (acupuncture) and sekkotsuin (bone grafting), operational support, employment introduction business.

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